Enakiyevo metallurgical plant (EMZ) and Krasnodonugol, included in the Metinvest group of Rinat Akhmetov, have stopped production because of the blockade of the railway communication in the Donets Basin, Metinvest reports.
"Enakiyevo metallurgical plant, including its subdivision in Makeyevka, - the steel producer, and association Krasnodonugol, Metinvest’s manufacturer of coking coal stopped their operation. The reason for stopping is the continued fighting and the blockade of the railway communication between the Ukraine and uncontrolled territory in the south-east of the country," – the statement says.
Currently, the Enakiyevo metallurgical plant completed the preparatory works for temporary preservation. The Makeyevka branch of the plant will stop on February 25.
"The plants of the group are the major employers and the core enterprises of local communities. Metinvest doesn’t intend to reduce staff at the Enakiyevo metallurgical plant (including the Makeyevka division) and Krasnodonugol. In addition, the employees of these enterprises will be sent on vacation, retaining two-thirds of the salary," - Metinvest reported.